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21 June 2021

Funding Roundup: Innovative Projects Attract Bigger Sums from Global VCs and Angel Investors – Bitcoin News

Funding Roundup: Innovative Projects Attract Bigger Sums from Global VCs and Angel Investors – Bitcoin News

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Balancer Labs, the company behind Balancer, an automated portfolio manager, liquidity provider, and price sensor, has raised $24.25 million from leading investors in its recent token sale, which will be utilized to accelerate the development of the Balancer protocol.

The recent round witnessed an influx of new investors, including Alameda Capital, Pantera Capital, Fenbushi Capital, Blockchain Capital, Longhash Ventures, Fintech Collective, and Continue Capital.

Led by Kenetic Capital, the platform has recently raised $11.3 million from some of the world’s leading venture capitalists, such as Digital Currency Group, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital, and Backend Capital, and angel investors including Vinny Lingham, Do Kwan, and Litecoin founder Charlie Lee, as well as Newform Capital, Genesis Capital, ZB Group, Ripple, and DeFi Capital.

The project attracted many acclaimed investors from the crypto universe, including VC firms like Genblock, Master Ventures, CMS Holdings, X21 Digital, Gravity X Capital, Water Drip, and AU21, leading to a capital influx of $1.1 million.

The platform has completed its private funding round, raising more than $8 million from over 140 investors.

Impossible Finance, a platform offering inclusive financial instruments via defi, has raised over $7 million from its recent funding round.

To drive increased participation from developers willing to build applications on the Reef Chain, Reef Finance has announced a grant of $20 million spread across several categories, including defi lending protocols and bridges, runtime modules/chains, NFT development, decentralized exchanges (dex), wallets and interfaces, and development and deployment tools.

To attract more developers to Solana infrastructure development projects and expand the blockchain’s reach in Korea, ROK Capital, a leading blockchain accelerator in the country, and the Solana Foundation have unveiled a $20 million fund to support teams and projects.

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